Daily Market Updates: US October PPI +6.5% vs +6.6% expected

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US October PPI +6.5% vs +6.6% expected

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Prior was 6.3% PPI final demand m/m +0.3% vs +0.4 expected Prior m/m +1.3% Ex-food and energy y/y +5.0% vs +5.0% expected Prior ex-food and energy 5.0% y/y Ex-food and energy m/m +0.3% vs +0.3% expected Prior ex-food and energy +0.7% m/m Ex-food, energy and trade y/y +4.9% vs +5.0% prior Ex-food, energy and trade m/m +0.5% vs +0.5% prior The market is increasingly concerned about rising inflation but this is a slight relief, with some bids in bonds afterwards and modest USD selling. We will hear

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ForexliveUS October PPI +6.5% vs +6.6% expected

Forex

US October PPI +6.5% vs +6.6% expected

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